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END Company reported the current month purchase and sales data for its only product as follows: Date Activities Units Acquired at Cost Units Sold at

END Company reported the current month purchase and sales data for its only product as follows:

Date

Activities

Units Acquired at Cost

Units Sold at Retail

April 1

Beginning Inventory

175 units @ $15.00

4

Purchase

150 units @ $16.00

7

Sales

160 units @ $30.00

10

Purchase

200 units @ $17.00

16

Sales

250 units @ $30.00

25

Purchase

160 units @ $18.00

28

Sales

150 units @ $32.00

Required:

Determine the cost assigned to ending inventory and cost of goods sold using LIFO with the perpetual inventory system.

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